Doric Lease Corporation has signed a Memorandum of Understanding (MOU) for the purchase of 20 Airbus A380s at the 50th Paris Le Bourget Airshow. The agreement was signed today by Mark Lapidus, CEO of Doric Lease Corp and John Leahy, Airbus Chief Operating Officer, Customers.

With this investment, Doric will offer a tailored A380 leasing solution and will make the aircraft even more accessible to both new and existing A380 operators around the world who prefer to opt for the flexibility of an operating lease. Doric already has significant experience with the A380, ranking as the third largest wide-body lessor worldwide by value, and the world’s largest asset manager of leased A380s. Doric has a six billion US$ aircraft portfolio under management, including 18 A380s acquired through sale-leaseback arrangements.

Image: Airbus.